The probability of making money on the first day and losing money on the second day and making money on the third will be 14.4%.
<h3>What is probability?</h3>
The probability of an event occurring is defined by probability.
Probability is also called the chance because if you flip a coin then the probability of coming head and tail is nothing but chances that either head will appear or not.
There are several instances in the everyday world where we may need to draw conclusions about how everything will turn out.
Given that,
Probability of making money = 0.60
Probability of not making money = 0.40
So,
Probability of making money on the first day and losing money on the second day and making money on the third = 0.60 × 0.40 × 0.60
⇒ 0.144 = 14.44%
Hence "The probability of making money on the first day and losing money on the second day and making money on the third will be 14.4%".
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The conversion factor in the box is the product ...

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The purpose of a conversion factor is to multiply by 1 in the form of a ratio that changes the units. We know that 1000 Pa = 1 kPa, so the ratio (1 kPa)/(1000 Pa) is the ratio of two equal quantities. It has the value 1 and will change units from Pa to kPa.
Likewise, 100 cm = 1 m, so (1 m)/(100 cm) will change the units from cm to m. However the given expression uses cm³, so we need to multiply by the conversion factor 3 times. That factor is ((1 m)/(100 cm))³ = (1 m³)/(10⁶ cm³).
To choose the appropriate conversion factor, look at the units you have (Pa, cm) and the units you want (kPa, m). Find the relationship these have to each other, and write the ratio so that it will cancel the units you have and leave the units you want.
When SI units are involved the prefixes help you out. k = kilo = 1000; c = centi = 1/100. It is worthwhile to get to know them.